STORY OF THE WEEK
Slovakia’s industrial market weathers the COVID-19 storm well

Story of the week

30
Jul
2020

Slovakia’s industrial market weathers the COVID-19 storm well

by Property Forum
The industrial real estate sector remains the least affected commercial real estate sector in Slovakia. In the second quarter, the market recorded solid leasing activity, reaching almost 120,000 sqm of industrial space. Cushman & Wakefield published its Q2 2020 snapshots for Slovakia’s office, retail and industrial sector.
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Office

31
Jul
2020

Demand remains strong for regional offices in Poland

by Property Forum
At the end of Q2 2020, total modern office stock in the eight regional Polish cities amounted to 5.6 million sqm. The largest regional office markets are Kraków (1,483,300 sqm), Wrocław (1,186,100 sqm) and the Tri-City (868,400 sqm).
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Renegotiations drive Kraków’s office market Poland’s regional office markets remain stable Crestyl completes construction of Prague office building

Career

30
Jul
2020

108 Agency enters the Hungarian market

by Property Forum
108 Agency is expanding into the Hungarian market. The company has now started its operations by cooperating with three local professionals István Fazekas, Marcell Szotyori-Nagy and László Kemenes who have many years of experience in commercial real estate.
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EPP confirms new CEO appointment Immofinanz announces extension of Executive Board appointments 7R appoints new Head of AM & PM

Industrial

30
Jul
2020

CTP 80% complete on portfolio certification process

by Property Forum
In September 2019, CTP announced its goal to certifiy its entire portfolio of industrial buildings according to the BREEAM standard, and in January began the certification process in six countries with local appraisers. CTP now announced the 80% milestone and the 100% certification of its country portfolios in Romania, Serbia and Poland.
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Element Industrial secures new tenants in Bucharest CTP to complete first phase of Bucharest park this autumn Demand remains strong for Czech industrial property

Residential

30
Jul
2020

Forte Partners to launch second resi project in Bucharest

by Property Forum
Local real estate developer Forte Partners is planning to build 500 apartments on Calea Serban Voda in Bucharest. The residential building will be erected next to the developer’s U Center office project, which is currently underway. The company's second major residential project is valued at €200 million.
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Hagag receives building permit for new Bucharest resi project AFI Europe completes first resi project in Bucharest COVID-19 set to stop European housing price growth

Report

30
Jul
2020

Globalworth to raise €1.5 billion in medium-term notes

by Property Forum
Globalworth intends to launch a €1.5 billion issue under its Euro Medium Term Note (EMTN) Program. The notes will be sold on the Dublin Stock Exchange.
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Developers to invest €300 million in projects on Calea Victoriei GTC summarises impacts of COVID-19 measures Poland in world’s top 20 for real estate transparency

Investment

30
Jul
2020

Panattoni sells two city logistics parks in Warsaw to LaSalle

by Property Forum
Panattoni and Marvipol have sold two city logistics parks in Warsaw to LaSalle Investment Management. The facilities, totalling nearly 25,000 sqm, were sold for approx. €30 million.
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Belgian developer acquires 30 ha plot near Budapest M7 acquires Katowice office building for new CEE fund One United Properties to raise €25 million for Bucharest project

Retail

30
Jul
2020

Romania’s retail stock to exceed 4 million sqm by year-end

by Property Forum
The modern retail stock in Romania, consisting of shopping centres, retail parks and commercial galleries with a leasable area of ​​at least 5,000 square meters, has reached 3.96 million square meters and will exceed the 4 million sqm threshold until the end of the year, according to Cushman & Wakefield Echinox.
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Poland's retail parks perform well post-lockdown COVID-19 accelerates changes in Poland’s retail sector Opening of Bucharest mall postponed to 2021

Hotel

09
Jul
2020

Accor to open new hotel next to Bucharest’s airport

by Property Forum
Accor has signed a management agreement with Alexandra Residence Design to open 144-room ibis hotel by the end of 2022. The newly signed hotel will be located near the future Terminal 2 of Henri Coandă International Airport in Bucharest. Est Hospitality Consulting is the consultant of the project until its official opening while Cumulus Architecture is responsible for the design.
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Romanian hotel chain ends agreement with Accor Radisson Hotel Group opens two hotels in Poland Apex Alliance to open new Bucharest hotel in July

Interview

02
Jun
2020

Knight Frank prepares for a new normal in workplace consultancy

by Ákos Budai
Knight Frank has been present in Hungary since 2018, mostly focusing office leasing – a process that will significantly be impacted by COVID-19. Erika Lóska, Head of Office Division at Knight Frank Hungary and Colin Fitzgerald, Partner International Occupier Services at Knight Frank London talked to Property Forum about the company’s plans for Hungary and how COVID-19 could change the occupier services sector.
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COVID-19 could halt the rise of domestic investors in Romania Digital is the only way for residential developers Can the current lockdown change shopping habits in the long run?

Economy

08
May
2020

Austrian PMI sinks to record low

by Property Forum
UniCredit Bank Austria's Purchasing Managers' Index sink to a record low of 31.6 points in April. A strong rebound is expected from Q3 2020 after the easing of lockdown restrictions.
Read more >
Hungary to reintroduce 5% VAT rate for certain residential projects Are we slowly getting back to normal? Hungary to weather the storm better than most, IMF says

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